NOT LISTED FOR SALE

8007 Holmes Ave Los Angeles, CA 90001

Florence-Graham Neighborhood

Estimated Value: $658,561 - $827,000

3 Beds
2 Baths
1,872 Sq Ft
$389/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $450,000 $240 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,444/month

About This Home

As of September 2018

An investors dream property! First front unit of this investment property is complete with 2 bedrooms and 1 bathroom. The second unit is upstairs and has one bedroom and one bath.
The property also has a converted garage and a 4th unit both of which are not permitted. Buyer must cover city report repairs and likely demolish the 3rd and 4th units.

Last Agent to Sell the Property

Ani Acevedo

Lincoln Estates Inc. License #01937986 Listed on: 04/12/2018

Last Buyer's Agent

Ani Acevedo

Lincoln Estates Inc. License #01937986 Listed on: 04/12/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,623

Year Built

  • Built in 1932

Lot Details

  • 5,351 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,872 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Listing and Financial Details

  • Tax Lot 69
  • Tax Tract Number 5978
  • Assessor Parcel Number 6027017025

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • New Taxes Expense $5,625
  • Operating Expense $8,125
  • Gross Income $39,000
  • Net Operating Income $36,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,623

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Zoning: LCR2YY
  • Property Type: Residential Income
  • Parcel Number: 6027017025
  • Year Built: 1932
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 240.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5351.00

Multi Family

  • Gross Income: 39000.00
  • Gross Scheduled Income: 39000.00
  • Insurance Expense: 2500.00
  • Net Operating Income: 36500.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 2500.00
  • Rent Control: No
  • Total Expenses: 8125.00

Tax Info

  • New Taxes Expense: 5625.00
  • Tax Census Tract: 5351.01
  • Tax Lot: 69
  • Tax Tract Number: 5978

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2018
Closed on
Sep 4, 2018
Sold by
Goodrich David M and Bankrupty Estate Of Michael To
Bought by
Ghazarian Vahan and Nazarian Onik
Seller's Agent
Ani Acevedo
Lincoln Estates Inc.
Buyer's Agent
Ani Acevedo
Lincoln Estates Inc.
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$727,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,640
Avg. Annual Appreciation
7.00%
Original Mortgage
$337,500
Outstanding Balance
$293,714
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$433,926

Purchase Details

Listed on
Apr 12, 2018
Closed on
Aug 29, 2018
Sold by
Nazarian Yeghis
Bought by
Nazarian Onik
Seller's Agent
Ani Acevedo
Lincoln Estates Inc.
Buyer's Agent
Ani Acevedo
Lincoln Estates Inc.
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Outstanding Balance
$293,714
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$433,926

Purchase Details

Closed on
Mar 10, 2015
Sold by
Torres Michael Paul and Torres David E
Bought by
Torres Michael Paul and Torres Carla

Purchase Details

Closed on
Feb 17, 2010
Sold by
Torres Frank and Torres Armida
Bought by
Armida & Frank Torres Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ghazarian Vahan $450,000 First American Title Company
Nazarian Onik -- First American Title Company
Ghazarian Vahan -- First American Title
Torres Michael Paul -- None Available
Armida & Frank Torres Revocable Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghazarian Vahan $337,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2018 09/21/18 Sold $450,000 0.0% $240 / Sq Ft
08/23/2018 08/23/18 Pending -- -- --
04/12/2018 04/12/18 For Sale $450,000 -- $240 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,623 $501,977 $278,876 $223,101
2024 $7,623 $492,135 $273,408 $218,727
2023 $7,250 $482,487 $268,048 $214,439
2022 $6,941 $473,028 $262,793 $210,235
2021 $6,864 $463,754 $257,641 $206,113
2020 $8,455 $459,000 $255,000 $204,000
2019 $7,420 $450,000 $250,000 $200,000
2018 $2,691 $113,731 $52,493 $61,238
2016 $2,580 $109,316 $50,455 $58,861
2015 $2,550 $107,675 $49,698 $57,977
2014 $2,561 $105,567 $48,725 $56,842
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Ani Acevedo

    Lincoln Estates Inc.

    (866) 316-2088

    10 Total Sales

    Ani Acevedo
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18071539

California Regional Multiple Listing Service (CRMLS)

APN: 6027-017-025

California Los Angeles County Los Angeles 90001 Florence-Graham

8007 Holmes Ave, Los Angeles, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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